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From 2007 through 2012, the firm has served as senior manager in connection with tax-exempt and taxable municipal financings exceeding $6.5 billion. The firm's banking staff offers expertise in all major areas of tax-exempt and taxable municipal finance. READ MORE ›

Our book, Strategic Financial Analysis for Higher Education, produced in partnership with KPMG and Attain and now in its seventh edition, has been a valuable reference tool for financial managers, trustees, and other interested parties associated with not-for-profit institutions. READ MORE ›

Prager & Co., LLC was established in 1987 and has grown into a 35-person national firm that provides investment banking, underwriting, financial advisory, and strategic consulting services to municipalities, government agencies, higher education institutions, not-for-profit organizations, foundations, and social service agencies.READ MORE ›

As a consequence of the financial backing of our limited investment members coupled with our net capital position, the firm is able to senior-manage or co-manage bond issues of virtually any size. READ MORE ›

Weekly Market Update

SCHOOL MERGER IN PHILADELPHIA SHOWING EARLY SUCCESS

Thursday, April 19, 2018

Following last year's merger of Thomas Jefferson University with Philadelphia University, the school--which retained the name Thomas Jefferson University--is reporting a rise in donations and undergraduate applications. Additional benefits from the merger include collaboration and partnerships between the school's departments. Notably, Thomas Jefferson University's medical programs are benefiting from Philadelphia University's expertise in engineering, and vice versa. The school's chancellor has said that he has received significant interest in learning about the merger from other universities. Facing mounting financial pressure and declining enrollments, schools around the country appear to be showing a new willingness to consider strategic initiatives like the Jefferson-Philadelphia University merger. The school is working through this and
other acquisitions, and saw an operating loss of nearly $30 million in six months ending December 31; however, efficiencies from the consolidation are beginning to emerge.

In Other News

Lipscomb University received a $23 million gift to fund design and construction of a new business school building. The anonymous donation is the largest in the school's history.

Kent State University is using a combination of public-private partnerships and philanthropy to finance new academic buildings. In this model, developers receive gifts and donations as revenue instead of the more customary project generated fees.